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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Harry Landsiedel who wrote (31446)8/22/1998 8:41:00 PM
From: Ibexx  Read Replies (1) | Respond to of 97611
 
Harry,

Thanks for your post.

I was wondering if Rukeyser has a website--anyone knows?

TIA,
Ibexx



To: Harry Landsiedel who wrote (31446)8/23/1998 12:02:00 AM
From: Windseye  Read Replies (3) | Respond to of 97611
 
I enjoyed reading about how the NYSE Specialists play their game, as described in "The Electronic Daytrader" book... it is esoteric, complicated, and highly manipulative, so much so I would hesitate to read anything into a spurious last minute trade bid. I think their was a balanced 1 mil bid and ask also present at closing, along with one 1/4 mil bid. Given that there are so many shares traded during the day I think the 1/4 mil is almost peanuts.... but I have no experience to support hte guess.

It's hard for me to believe that the individual investors are picking up million share trades off the institutions... something doesn't make sense here. I suppose I'd like old Louis to share some data... or perhaps someone else can tell us how to tell that that is so.

Doug



To: Harry Landsiedel who wrote (31446)8/23/1998 9:14:00 PM
From: PCSS  Read Replies (2) | Respond to of 97611
 
A comment from Cramer of street.com in today's newletter:

WHY FRIDAY BODED WELL

"3) We saw definitive evidence that drugs and tech, both old and new, are done going down. The rallies in Cisco (CSCO:Nasdaq), AOL (AOL:NYSE), Intel (INTC:Nasdaq), Compaq (CPQ:NYSE), SGP, BMY, LLY, MRK and PFE off the bottom were not only convincing, they were powerful. There was simply no stock for sale in any appreciable amounts in any of these stocks when they were at the bottom Friday. I know, I was bidding for all of them and no one was hitting me. "

Lets' hope it bodes well for CPQ on Monday !

Michael